The Hamriyah Free Zone Authority (HFZA) in Sharjah continues to draw the attention of global industrial leaders, exemplified by Italy’s Raccortubi S.p.A. launching a new 20,000-square-foot warehouse. This AED25 million ($6.8 million) facility is part of the company’s ongoing expansion into the Middle East and is poised to support oil and gas initiatives in the region, utilizing HFZA’s sophisticated infrastructure and strategic location to access a worldwide market.
The opening ceremony was graced by Saud Salim Al Mazrouei, director of HFZA, Marco Pollastrini, group CEO of Raccortubi S.p.A., along with other HFZA officials. Attendees had the opportunity to tour the warehouse, which features cutting-edge logistics operations and advanced transportation equipment aimed at enhancing the efficiency of product storage and distribution.
Raccortubi S.p.A., a division of the Italian multinational Commerciale Tubi Acciaio, has been active in the UAE since 2013. Moreover, the company is recognized globally for its production of pipes and fittings made from stainless steel, duplex, super duplex, nickel alloys, titanium, and more.
Commitment to economic diversification
Al Mazrouei noted that this latest investment highlights the variety of foreign investments that Hamriyah Free Zone strives to attract, in alignment with the vision of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. He further emphasized the dedication to supporting Sharjah’s economic diversification initiatives and enhancing its reputation as a prime global investment destination for significant industrial projects.
Read more: Sharjah’s Hamriyah Free Zone named the Free Zone of The Year
Strategic advantages for investors
Furthermore, Al Mazrouei emphasized that the comprehensive range of services offered by Hamriyah Free Zone, coupled with its strategic location and extensive logistics capabilities connecting manufacturers to over 3.5 billion consumers worldwide, are key factors in attracting diverse investments.
For more news on industry, click here.
